Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ROVR | Class A Common Stock | Options Exercise | +54.9K | 54.9K | Feb 27, 2024 | Direct | F1, F2 | |||
transaction | ROVR | Class A Common Stock | Disposed to Issuer | -$603K | -54.9K | -100% | $11.00 | 0 | Feb 27, 2024 | Direct | F3 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ROVR | Restricted Stock Units | Options Exercise | $0 | -54.9K | -100% | $0.00* | 0 | Feb 27, 2024 | Class A Common Stock | 54.9K | Direct | F1, F2 |
Erik Prusch is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
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F1 | Pursuant to the terms of the Rover Group, Inc. 2021 Equity Incentive Plan and Rover Group, Inc. Outside Director Compensation Policy, in the event of a "Change in Control" (as defined in the plan and includes the closing of the Merger (as defined below)), all outstanding restricted stock units ("RSUs") held by the reporting person vested immediately prior to the closing of the Merger and the reporting person is entitled to receive the $11.00 per share Merger consideration for such vested RSUs. |
F2 | RSUs convert into Rover Group, Inc. Class A common stock on a one-for-one basis. |
F3 | Pursuant to that certain Agreement and Plan of Merger, dated as of November 29, 2023, by and among Rover Group, Inc., Biscuit Parent, LLC ("Parent"), and Biscuit Merger Sub, LLC ("Merger Sub"), Merger Sub merged with and into Rover Group, Inc. (the "Merger"), with Rover Group, Inc. surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each share of Rover Group, Inc.'s Class A common stock that was issued and outstanding immediately prior to the Effective Time was automatically cancelled and converted into the right to receive $11.00 per share in cash, without interest and subject to any applicable tax withholdings. |